The Indian Hume Pipe Company Limited receives LoA for order worth Rs. 257.60 crores

The Indian Hume Pipe Company Limited has received today the Letter of Acceptance for the work of about Rs.257.60 crores (including GST) from Madurai City Municipal Corporation for dedicated Water Supply Scheme for Madurai City Municipal Corporation for construction of distribution Network System (DI & HDPE), House service connections and Instrumentation for Madurai City Municipal Corporation Added Area-Package-4.

The project is to be completed within 36 months.

Shares of INDIAN HUME PIPE CO.LTD. was last trading in BSE at Rs.230.25 as compared to the previous close of Rs. 227.7. The total number of shares traded during the day was 42310 in over 1894 trades.

The stock hit an intraday high of Rs. 234.9 and intraday low of 226.8. The net turnover during the day was Rs. 9757651.

Source : Equity Bulls

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